Bulleen office of former Opposition Leader Matthew Guy for sale
A strata titled investment within shopping centre Bulleen Plaza, leased to former state Opposition Leader, Matthew Guy, is for sale again.
Shop 30D within the complex at 101 Manningham Road has been rented to the Parliament of Victoria since 2003.
It currently pays annual rent of $67,500 for the 139 square metre space.
When the property last sold in 2013, the government was paying $56,400 yearly.
Ryder Commercial’s David Gibellini and Paul Sberna are offering the retail investment with a lease expiring in May, 2021.
After that time, the space has the potential to be subdivided into two tenancies, the brokers said.
Bulleen Plaza, about 13 kilometres north east of the Melbourne CBD, offers 450 at-grade car parks.
Before taking on the Opposition Leader role, Mr Guy was Victoria’s planning minister, earning the nickname “Mr Skyscraper” for approving most high-density apartment buildings which came across his desk, and which were too big to be decided by the local council.
The politician’s career was marred following a planning approval, later reversed, in Ventnor, Phillip Island, which resulted in a confidential and out-of-court settlement to the land owner said to have cost the Victorian taxpayer millions of dollars.
The high profile planning scandal called in the support of Phillip Island’s Hemsworth brothers, now Hollywood actors, and US singer, Miley Cyrus – who was dating Liam Hemsworth at the time.
Caydon director Guy Russo accused the politician of “unbelievable behaviour” in 2013 for refusing to permit a 21-storey apartment building Mr Guy is said to have requested for a Cremorne site (that property, 17-21 Harcourt Street, is currently making way for an office set to be headquarters of software giant MYOB).
In June we reported that Parliament of Victoria leased the state’s current planning minister, Richard Wynne, a 135 sqm ground floor space within a historic building at 188-196 Gertrude Street, Fitzroy.
The Gertrude Space costs $87,500 per annum.
